Uruguay: Inflation hits two-month high in February
March 3, 2021
Consumer prices increased 0.82% in February over the previous month, which was below the 1.60% rise seen in January. The cooling of price pressures was largely driven by a more moderate increase in prices for food and non-alcoholic beverages. Inflation came in at 9.1% in February, up from January’s 8.9%, marking the highest reading in two months. Annual average inflation was unchanged at January's 9.8% in February.Panelists participating in this month’s LatinFocus Consensus Forecast project inflation to end 2021 at 7.4%, which is down 0.1 percentage points from last month’s forecast, and 2022 at 6.8%.
Author: Hanna Andersson, Economist